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Mar 25, 2013
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of the highest deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and our grandchildren. withl not take that gamble the future of this country, especially when those representations came from the very same people whose previous candle w have the economy led te mess we are cleaning up in the first place. , theeputy speaker spending reductions we promised have been more than delivered. welfare reforms have been legislated for and are taking place. here is a clear sign of progress -- the proportion of national income spent by the state has fallen from 47 point four percent three years ago to 43.6% toay, and it is on course reach 40.5% at the end of the period. we set out our deficit plan and are delivering that plan. taking together, the measures i will announce today are fiscally neutral overall. ask the british people and they will tell you, our problem is a country is not the way -- not that we ar
of the highest deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and our grandchildren. withl not take that gamble the future of this country, especially when those representations came from the very same people whose previous candle w have the economy led te mess we are cleaning up in the first place. , theeputy speaker spending reductions we promised have...
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Feb 13, 2013
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>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. i don't know that number off hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching subjects for a minute, does the c.b.o. look at unfunded obligations like what the acktue article obligations are of social security, medicare, medicaid? does c.b.o. look at those? >> yes, long-term budget outlook, we include the costs of those programs and comments on the social security trust fund. >> you discount those back and say this is what the net unfunded obligation is for social security today? >> yes, we do, congressman. >> do you have the numbers off the top of your head? >> i'm sorry, i don't. but it is substantial. >> trillions of dollars between
>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. i don't know that number off hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching...
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Jan 9, 2013
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that obviously exacerbated our deficits. and then, since then they've been coming down under president obama. he is very serious about responsible deficit reduction. he has signed into law significant deficit reduction already. but he insists that we do it in a balanced way because he does not believe it is fair to ask only some sectors of the population -- seniors, children who have disabled parents, kids who are just trying to go to college -- to bear the burden alone of the kinds of choices that we need to make. and so thats why he hopes to engage congress -- republicans and democrats alike -- in a process that leads to more deficit reduction that includes the kind of balance that was enshrined in the agreement recently reached over the fiscal cliff. >> in the past, when you've been asked what leverage he would have since he's not going to negotiate with them, you've pointed to the business community in the hopes that they would bring some pressure to bear on republicans. do you see that happening? are you satisfied -- >>
that obviously exacerbated our deficits. and then, since then they've been coming down under president obama. he is very serious about responsible deficit reduction. he has signed into law significant deficit reduction already. but he insists that we do it in a balanced way because he does not believe it is fair to ask only some sectors of the population -- seniors, children who have disabled parents, kids who are just trying to go to college -- to bear the burden alone of the kinds of choices...
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Feb 12, 2013
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that results in a lower deficit as you have reported to us. by 2015, the deficit is projected to be $430 billion, the lowest you project over 10 years. that's slightly below the highest deficit president bush ever had in his eight years. and you have gpped growth projected at 3.%, last year was 2.2. but after 2015, three years from now, the deficits start a rise again, increasing every single year almost 10% a year and would more than double over the following eight years to $978 billion, is that correct? >> yes, that's right. >> and you don't see unless something changes, any improvement in the outyears but your report would indicate that your report the upward trajectory -- and is that an unsustainable path? >> as others have said, debt cannot rise indefinitely as a share of g.d.p. and our projections show debt rising relative to g.d.p. in the back half of this coming decade. >> so i think -- and it increases the risk as bowles and simple son told us was inevitable if we don't change this unsustainable path, would you agree? >> in the longer
that results in a lower deficit as you have reported to us. by 2015, the deficit is projected to be $430 billion, the lowest you project over 10 years. that's slightly below the highest deficit president bush ever had in his eight years. and you have gpped growth projected at 3.%, last year was 2.2. but after 2015, three years from now, the deficits start a rise again, increasing every single year almost 10% a year and would more than double over the following eight years to $978 billion, is...
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Mar 12, 2013
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achieve real deficit reduction. at a time when corporations are making record profits, stock market, and the wealthy americans' income continues to rise, the deficit reduction shouldn't be at the expense of the middle class families, senior citizens, and the poor. americans have demanded a fair approach to deficit reduction, alt americans, democrats, independents, and republicans. they want a fair approach to deficit reduction that makes sensible cuts, ask the wealthiest to share the burden, balance. we have been listening, mr. president, that's why this week budget committee chair, patty murray, will introduce a budget with both balanced priorities. her plan, democratic plan, will cut wasteful spending and reduce the deficit and invests in what the economy needs to grow really hard, to continue to build, to grow, and create a strong middle class. congressman ryan and his republican colleagues in congress have taken a different approach. an approach that makes it plain they missed the message in the november electio
achieve real deficit reduction. at a time when corporations are making record profits, stock market, and the wealthy americans' income continues to rise, the deficit reduction shouldn't be at the expense of the middle class families, senior citizens, and the poor. americans have demanded a fair approach to deficit reduction, alt americans, democrats, independents, and republicans. they want a fair approach to deficit reduction that makes sensible cuts, ask the wealthiest to share the burden,...
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Feb 21, 2013
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or they can come up with a larger deficit reduction package that would avoid sequester. but if they fail to act, then we are required by law to invoke the sequester. if we spend money we do not have, there are civil and possibly criminal penalties associated with that. we take our job very seriously at usda. it is something we do not want to do. it may be something we have to do. this is a risk that is man-made. the same thing is true on march 27. march 27 cons if congress has not continued the budget process, and provided a continuation of the continuing resolution, or passed a budget. theoretically, all government activity stops. that, of course, would impact our trade promotion efforts, food safety, our ability to provide credit to farmers right at the time they had to finalize the credit opportunities to put their crop in the ground. this is another risk that is man-made and could be avoided. there is a risk associated with not having a five-year farm bill. we know the senate passed a farm bill last year. we know the house agricultural committee passed a farm bill la
or they can come up with a larger deficit reduction package that would avoid sequester. but if they fail to act, then we are required by law to invoke the sequester. if we spend money we do not have, there are civil and possibly criminal penalties associated with that. we take our job very seriously at usda. it is something we do not want to do. it may be something we have to do. this is a risk that is man-made. the same thing is true on march 27. march 27 cons if congress has not continued the...
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Mar 20, 2013
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our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's a stark difference to the majority's proposal which will not be implemented and they know it. let me start with an observation. headline blunt report says g.o.p. needs to regroup for 2016. in that there is this sentence from the report, not from a democrat, not from the newspaper, not from an editorial writer, quote, we have become expert, we being the republican party report, we have become expert in how to provide ideological reinforcement to like-minded people. with all due respect to my friend, mr. ryan, that's what his budget is. it is a vision. it is a vision that will
our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's...
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Jan 1, 2013
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having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be a drop-off of 30% in terms of social security benefits. so, we of 20 years. we can wait to do something, or we can do something soon, maybe even this year, 2013. that is what i would like to see. i am preparing legislation which will call for the creation of a commission with a simple assignment, come up with a plan for a 75 year solvency of social security. when you haven't and it has been certified to be a valid plan, -- have its and it has been certified to be a valid plan, bring it to congress where it can be passed without a filibuster. to haveve this chance this debate
having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be...
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Feb 12, 2013
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so what's happened to the deficit, the annual deficit? 2008 deficit was $458 billion. too much money. yes. but $458 billion. deficit in 2013, 2012, $1.3 trillion. so what's the problem? ladies and gentlemen, i would suggest to you we have a spending debt crisis, not a revenue debt crisis. and you've got to make the right diagnosis. to put it in a little greater context. we spend about $3.6 trillion as a nation, as a whole each year, $3.6 trillion, about $2.5 trillion, $2.6 trillion is medicare, medicaid, social security and interest on the debt. those four things. the entire federal government, the rest of the entire federal government, everything, everything, post office, roads, transportation, justice, education, energy, defense, everything else is about $1 trillion. you all just heard what the deficit was last year. $1.3 trillion. which means we can do away with the entire federal government with the exception of medicare, medicaid and social security and we wouldn't even balance the budget. that's the magnitude of the challenge that we have. so it's incumbent upon
so what's happened to the deficit, the annual deficit? 2008 deficit was $458 billion. too much money. yes. but $458 billion. deficit in 2013, 2012, $1.3 trillion. so what's the problem? ladies and gentlemen, i would suggest to you we have a spending debt crisis, not a revenue debt crisis. and you've got to make the right diagnosis. to put it in a little greater context. we spend about $3.6 trillion as a nation, as a whole each year, $3.6 trillion, about $2.5 trillion, $2.6 trillion is medicare,...
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Mar 5, 2013
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but let's reduce that deficit. let's reduce that deficit. and it's important to note that this debate happened in a week that we will be taking up the continuing resolution. four days since the sequester went into effect. the continuing resolution that the republicans were putting forth is a bill that reinforces -- reinforces the sequestration. so what does that do federal reserve chairman ben bernanke, take it from him, he told congress last week that the cuts of this size made this quickly would hurt hiring and income, slow the recovery, and cost the economy 750,000 jobs this year, and keep deficits larger than otherwise. so we are not reducing the deficit by what is really happening on the major legislation coming to this floor last week and this week in terms of sequester and continuing resolution. that's what we should be doing is figuring out a way to get rid of the sequestration. what does sequestration mean? whatever its latin roots, it equals job loss. 750,000 by the estimate of the chairman of the fed. and why are we -- what is the
but let's reduce that deficit. let's reduce that deficit. and it's important to note that this debate happened in a week that we will be taking up the continuing resolution. four days since the sequester went into effect. the continuing resolution that the republicans were putting forth is a bill that reinforces -- reinforces the sequestration. so what does that do federal reserve chairman ben bernanke, take it from him, he told congress last week that the cuts of this size made this quickly...
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Apr 10, 2013
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our deficits are already falling. over the past two years, i've signed legislation that will reduce our deficits by more than $2.5 trillion, more than 2/3 of it through spending cuts, and the rest through asking the wealthiest americans to be paying their fair share. that doesn't mean we don't have more work to do, but here's how we finish the job. my budget will reduce our deficits by nearly another $2 trillion so that all told we will have surpassed the goal of $4 trillion in deficit reduction that independent economists believe we need to stabilize our finances, but it does so in a balanced and responsible way, a way that most americans prefer. both parties, for example, agree that the rising costs of caring for an aging generation is the single biggest driver of our long-term deficits. and the truth is for those like me who deeply believe in our social insurance programs think it's one of the core things that our government needs to do if we want to keep medicare working as well as it has, and we want to preserve
our deficits are already falling. over the past two years, i've signed legislation that will reduce our deficits by more than $2.5 trillion, more than 2/3 of it through spending cuts, and the rest through asking the wealthiest americans to be paying their fair share. that doesn't mean we don't have more work to do, but here's how we finish the job. my budget will reduce our deficits by nearly another $2 trillion so that all told we will have surpassed the goal of $4 trillion in deficit...
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Mar 5, 2013
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we should reduce the deficit and this bill does nothing to reduce the deficit. what we need to do is make sure that we get our deficits under control, that we stabilize the debt and that we make smart choices for the people in this country. yes, there is a difference of opinion. we believe that as part of reducing the deficit we should make targeted smart cuts but we should also cut some of those tax loopholes. now the gentleman mentioned that we passed a tax increase on $600 billion over the next 10 years. that's right. we said for higher income earners you'll pay the same rates as you did during the clinton administration. but the gentleman suggested that budget history began on january 1 of this year. we were all here, not everybody, but most of us when we passed the budget control act in the summer of 2011. what did we do in that act? we capped spending. $1.5 trillion in spending reductions. that was the right thing to do. now we've done $600 billion in revenue. so i think most people can do the math on this. we are not even close to the kind of ratios that
we should reduce the deficit and this bill does nothing to reduce the deficit. what we need to do is make sure that we get our deficits under control, that we stabilize the debt and that we make smart choices for the people in this country. yes, there is a difference of opinion. we believe that as part of reducing the deficit we should make targeted smart cuts but we should also cut some of those tax loopholes. now the gentleman mentioned that we passed a tax increase on $600 billion over the...
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Apr 30, 2013
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we had a lot of talks about the deficit. we had the chairman of the ftc talk about the big case involving net neutrality. chairman give a on dodd-frank, and then the chairman of the cftc called for a paradigm shift. we have heard from two republican governors of stake facing different challenges and heard about what they are up to, and as well we have heard a lot about the economy. the president's chief economist earlier today taking a not so omble shot at former director david stockton. at the end of the day we have had not only some agreement on corporate tax reform, we have had an 80 murphy movie reference. you don't get those very often. a special thank you to our for allowing us to have this event here. i want to thank our colleagues at bloomberg for the editorial help with everything that played out today. this reminder for those who showed up this afternoon, bloomberg linc holds over 30 summits like these up around the world. the bloomberg hedge fund summit june for the new york, and the one we should all be looking f
we had a lot of talks about the deficit. we had the chairman of the ftc talk about the big case involving net neutrality. chairman give a on dodd-frank, and then the chairman of the cftc called for a paradigm shift. we have heard from two republican governors of stake facing different challenges and heard about what they are up to, and as well we have heard a lot about the economy. the president's chief economist earlier today taking a not so omble shot at former director david stockton. at the...
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Jan 14, 2013
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the deficit. is that really the objective? the concern is we are spending more than we take in. that is the case, there is a way of balancing that so that we take in more money, increasing revenue, and we reduce spending. there is a recipe for getting that done. in the conversation i had was speaker boehner by the end of the year, we became pretty close, a few hundred dollars -- a few hundred billion separating us. it seems as though what is motivating this from the house republicans is more than debt reduction. they have a vision about what government should and should not do. they are suspicious about government policy commitment to make sure that seniors have decent health care as they grow older. they have suspicions about social security. they have suspicions about whether government should make sure that kids in poverty are getting enough to eat or whether we should be spending money on medical research. they have a particular view about what government should do and should be. that deal was
the deficit. is that really the objective? the concern is we are spending more than we take in. that is the case, there is a way of balancing that so that we take in more money, increasing revenue, and we reduce spending. there is a recipe for getting that done. in the conversation i had was speaker boehner by the end of the year, we became pretty close, a few hundred dollars -- a few hundred billion separating us. it seems as though what is motivating this from the house republicans is more...
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Jun 22, 2013
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i hoped it would be deficit neutral. boy, did my hopes come true. it's not deficit neutral. according to the congressional budget office we reduced the deficit in the first ten years by 190 billion and over a 20-year period $700 billion. so the reason i didn't want to agree to 5,000 agents without somebody showing me how we would pay for it, we're borrowing enough money from our grandchildren and great grandchildren to run the government. we don't need to do any more borrowing unless we absolutely have to. the good news is the bill that we have written will create economic growth in the country at a time when we need economic growth. it will allow employers access to labor they don't have today so they won't be tempted to cheat in the future. this bill helps the economy. don't take my word for it, take cbo's word for it. if you had some more money to spend in this bill, how would you want to spend it? let me tell you what senator graham would like to do. he would like to hire 20,000 border patrol agents to let everybody in the country know i get it when you say we've got to
i hoped it would be deficit neutral. boy, did my hopes come true. it's not deficit neutral. according to the congressional budget office we reduced the deficit in the first ten years by 190 billion and over a 20-year period $700 billion. so the reason i didn't want to agree to 5,000 agents without somebody showing me how we would pay for it, we're borrowing enough money from our grandchildren and great grandchildren to run the government. we don't need to do any more borrowing unless we...
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Feb 28, 2013
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he has put forward budget deficit reduction proposals, significantly deficit reduction through spending cuts. but he insists on balance. first of all, the president will be meeting with them on friday and spoke with them last week and spoke with them on capitol hill. the senate is still yet to vote and hopefully tomorrow that will achieve the postponement of the sequester deadline to allow congress to move forward in a sensible, no-drama fashion that would avoid these unnecessary impacts across the economy and the country and hopefully, you know, republicans will change their minds about filibustering that and allow a majority of the senate to pass a bill that would achieve that delay in a balanced way. move it to the house and perhaps, again, hope springs eternal, the speaker would allow that to come to a vote. there is a very good chance that there is a majority in the house of representatives that would support a simple proposition, which is we can postponethe deadline for the sequester in a balanced way, just as congress did in bipartisan fashion just two months ago. why not do that
he has put forward budget deficit reduction proposals, significantly deficit reduction through spending cuts. but he insists on balance. first of all, the president will be meeting with them on friday and spoke with them last week and spoke with them on capitol hill. the senate is still yet to vote and hopefully tomorrow that will achieve the postponement of the sequester deadline to allow congress to move forward in a sensible, no-drama fashion that would avoid these unnecessary impacts across...
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Mar 18, 2013
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Feb 26, 2013
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the single biggest threat or the deficit and debt. the single best thing we could do for the economy is find ways to make changes that contribute to deficit reduction. >> thank you. >> thank you, mr. chairman. thank you for your testimony. there is a column which says the future has no lobby. i hear these numbers on the discretionary side -- $600 billion on the revenue side. all these done in the short-term deals and not addressing the main issue. it makes me think he is right about that. if we don't do something about this, we will fail to invest in the future of this country. i do not know the answer to that. i would suggest -- the longer we delay this, the harder it will be to solve. we have to find a way to come together. we have to send a message that we're serious about this. this congress has not done this. i would encourage you to think about how we can work together on this with a sense of urgency. i wonder if you have a reaction to that. >> i am beside myself with urgency. i think this is a big problem. we can fight about th
the single biggest threat or the deficit and debt. the single best thing we could do for the economy is find ways to make changes that contribute to deficit reduction. >> thank you. >> thank you, mr. chairman. thank you for your testimony. there is a column which says the future has no lobby. i hear these numbers on the discretionary side -- $600 billion on the revenue side. all these done in the short-term deals and not addressing the main issue. it makes me think he is right about...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Apr 10, 2013
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that is why i have repeatedly called for a balanced approach to deficit reduction. and that is why i have offered proposals on multiple occasions that cut wasteful spending, strengthen entitlements and eliminate special tax breaks and loopholes so the wealthiest pay their fair share. and my negotiations with house speaker boehner in december over the so-called fiscal cliff , i again offered a compromised proposal that was balanced and comprehensive and would achieve our $4 trillion deficit reduction goal. that proposal is still on the table. i am included it -- including it in this budget to demonstrate my commitment to making the kind of tough and balanced choices that are needed to put our nation's finances in order. to be clear, the package i am offering includes some difficult cuts that i do not particularly like. but these measures will only become law if congressional republicans agree to meet me in the middle by eliminating special tax breaks and loopholes so millionaires and billionaires do their fair share to cut the deficit. i will not agree to any deal th
that is why i have repeatedly called for a balanced approach to deficit reduction. and that is why i have offered proposals on multiple occasions that cut wasteful spending, strengthen entitlements and eliminate special tax breaks and loopholes so the wealthiest pay their fair share. and my negotiations with house speaker boehner in december over the so-called fiscal cliff , i again offered a compromised proposal that was balanced and comprehensive and would achieve our $4 trillion deficit...
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Mar 1, 2013
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of time do not reduce the deficit. so the president challenged us to look at all of the expenditures that government makes and whether it is about entitlements, taxes, discretionary spending to see if we could come to some agreement on how to go forward. to govern is to choose. to govern is to choose. when we want to subject our expenditures to the scrutiny that we should do, so that we know the taxpayer is getting his or her money's worth out of this, and at the initiative is doing the job it sets out to do, we have to make judgments. if a particular initiative still a priority for s? -- for us? is there wasteful spending question -- spending? we have to be careful about how we do it. across the board cuts is not the way to do it. education, probably the best investment we can make in our future and our families. nothing brings more money to the treasury than the education of the american people. the president is advocating hate-12, higher education, nothing brings more money to the treasury then education. so cutting
of time do not reduce the deficit. so the president challenged us to look at all of the expenditures that government makes and whether it is about entitlements, taxes, discretionary spending to see if we could come to some agreement on how to go forward. to govern is to choose. to govern is to choose. when we want to subject our expenditures to the scrutiny that we should do, so that we know the taxpayer is getting his or her money's worth out of this, and at the initiative is doing the job it...
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Jan 1, 2013
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cut the deficit. however, we can cut the deficit by taxing the wealthy more and $250,000 is wealthy. they also will not consider cutting corporations loopholes or raising taxes on corporations. they will not consider cutting military even though we have gotten out of one war. if we cut poor people top fund military corporations and the wealthy we're going to hurt our economy. it's going to -- our economy is going to tank. host: that is joeian. once again, waiting for house to come back -- they are in recess subject to the call of the chair. as our guests of the "washington times" told us when they come back into the session, the rules committee has to come back first to create the rules for the current senate bill or amend the bill. we have a lot going on today on this first year of 2013. this is the current 112th congress. the new congress gets seated, 113th congress gets seated on thursday. a lot of these members that are taking part in the discussion will not be in the next congress. so that new co
cut the deficit. however, we can cut the deficit by taxing the wealthy more and $250,000 is wealthy. they also will not consider cutting corporations loopholes or raising taxes on corporations. they will not consider cutting military even though we have gotten out of one war. if we cut poor people top fund military corporations and the wealthy we're going to hurt our economy. it's going to -- our economy is going to tank. host: that is joeian. once again, waiting for house to come back -- they...
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Jan 8, 2013
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in 2010 we faced a $2 billion budget deficit. only five and a half months left in the fiscal year when we got into the office, and the balance the budget with no new taxes. in 2011 the picture was worse. the projected 11 bid dollar deficit on a budget of 29. dollars. the worst of america. in total we cut 832 programs, each department of government was reduced, and an 8% cut in spending in real dollars spent. with this legislature possible, we balance the budget without raising taxes. because we have made the tough choices before, last year's budget was easier. we not only balance the budget, but began to reduce taxes by enacting the first year of jobs- creating small business tax cuts in new jersey. meanwhile, we devoted a record amount in aid to schools in new jersey. in the budget which governs the current year, even with growth in the national economy slowing, which have been able to achieve balance with not only no new taxes, but with a second year of small business tax relief. that may make this point. clearly and unequivoca
in 2010 we faced a $2 billion budget deficit. only five and a half months left in the fiscal year when we got into the office, and the balance the budget with no new taxes. in 2011 the picture was worse. the projected 11 bid dollar deficit on a budget of 29. dollars. the worst of america. in total we cut 832 programs, each department of government was reduced, and an 8% cut in spending in real dollars spent. with this legislature possible, we balance the budget without raising taxes. because we...
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Jan 24, 2013
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we need a -- $ trillion deficit. we need a -- $1 trillion deficit. we need a serious plan to address the deficit, however, the senate has gone nearly four years without passing an annual budget. taking a year by year approach and addressing only discretionary spending will not solve our long-term spending problem. we must take a comprehensive long-term approach to the federal budget, a comprehensive approach to spending must address the long-term solvency issues on entitlements such as medicare, medicaid and social security. without reform, spending will remain on an unsustainable path while the medicare and social security trust funds are emptied before the majority of americans currently are paying in even qualified to become beneficiaries of those programs. today's legislation will allow us to work with the senate in achieving this long-term deficit solution we know would meet the needs of americans. thank you. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan. mr. levin: i yield one minute to the
we need a -- $ trillion deficit. we need a -- $1 trillion deficit. we need a serious plan to address the deficit, however, the senate has gone nearly four years without passing an annual budget. taking a year by year approach and addressing only discretionary spending will not solve our long-term spending problem. we must take a comprehensive long-term approach to the federal budget, a comprehensive approach to spending must address the long-term solvency issues on entitlements such as...
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Feb 11, 2013
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they're asking us to stop running deficits. they want us to learn these bad habits all over again. . 960 billion commitments and the same amount of payments. any director of a country with tell you that is economic suicide. you should not hide behind david cameron. you are faced with a choice between two opposing camps. he had made it clear what -- you have not made it clear what choice you will make. make the right choice. do not make the cameron option he wants to unravel the european union. you need to come out and say this to your fellow citizens. >> i want to thank you of for having got the budget treaty ratified in parliament. that is a good sign for europe. i looked long and hard. i do not see what happened to your euro growth pact. where have those gone? we are here to talk tand to negotiate. there are points who will not give ground on. there's the question of flexibility. we need a genuine flexibility between budgetary lines and years. that is how we have managed to run the budget properly in the context of austerity
they're asking us to stop running deficits. they want us to learn these bad habits all over again. . 960 billion commitments and the same amount of payments. any director of a country with tell you that is economic suicide. you should not hide behind david cameron. you are faced with a choice between two opposing camps. he had made it clear what -- you have not made it clear what choice you will make. make the right choice. do not make the cameron option he wants to unravel the european union....
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May 13, 2013
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even as we reduce deficits. he served as the special assistant to the president for economic policies and the deputy director of the national economic council. has earned a well deserved reputation for taking a tremendous amount of economic data, synthesizing, and translated to a series of viable measures for the economic team and translated into terms that someone like i can understand. he has helped our country recover from the recession. who understands arefiscal policies intrinsically important to the prosperity of the american eople. right over his left shoulder is professorknowledge and his mom is an engineer. he has clearly in her it did is clearlys -- he inherited those smarts. before going to yale law school he's spent time doing lc with carnegie endowment, the center for global development, and the center for american progress. i think he realizes he has the brainpower to pursue whatever percussion he chooses, but he has a passion for public policy. he has specifically a passion for finding ways for ou
even as we reduce deficits. he served as the special assistant to the president for economic policies and the deputy director of the national economic council. has earned a well deserved reputation for taking a tremendous amount of economic data, synthesizing, and translated to a series of viable measures for the economic team and translated into terms that someone like i can understand. he has helped our country recover from the recession. who understands arefiscal policies intrinsically...
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Jan 9, 2013
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deficit reduction should not be is accomplished by merely shifting those costs down to our states or imposing unfunded mandates. states should be given increased flexibility to create efficiencies and achieve results. lastly, congress should not impose minutes of of the provisions on states as a condition of receiving federal funding. in other words, if state receive federal cuts, washington should not demand the same level of service without providing the same level of funding. essentially, all of these points can and will be coming boil down to two words. flexibility and partnership. we need the flexibility to take care of the unique needs of our citizens and the unique challenges of our states. what we do not need is a one- size-fits-all solution or more unfunded federal mandates passed on to our states. the need to be treated as partners, not underlings. we want to work to implement good public policy. as we told congressional leaders, reducing the deficit by shifting costs to the state is not indicative of the good partnership. whether it is deficit reduction or other pressing n
deficit reduction should not be is accomplished by merely shifting those costs down to our states or imposing unfunded mandates. states should be given increased flexibility to create efficiencies and achieve results. lastly, congress should not impose minutes of of the provisions on states as a condition of receiving federal funding. in other words, if state receive federal cuts, washington should not demand the same level of service without providing the same level of funding. essentially,...
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May 9, 2013
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can we add to our deficit to fund veteran benefits? no. what about medicare? sorry, we are not going to pay those bills. however the government is allowed to borrow to pay back foreign bondholders. the majority apparently believes it's ok to borrow money and add to our deficit to pay china, but not to honor the obligations we have to our troops, our veterans, our seniors, etc. shameful. this is simply no other word. the united states of america pays its bills. period. end of sentence. case closed. we've done it for 20 years. whether it's obligations we have to our troops or seniors, we have to those who have bought our bonds, we all saw it happen in the summer of 2011. we don't need a repeat. thank you, madam chair. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. camp, is recognized. mr. camp: i continue to reserve. the speaker pro tempore: the gentleman from michigan, mr. levin, is recognized. mr. levin: now yield a minute and a half to another member of our committee, distinguished gentleman from new york, mr. crow
can we add to our deficit to fund veteran benefits? no. what about medicare? sorry, we are not going to pay those bills. however the government is allowed to borrow to pay back foreign bondholders. the majority apparently believes it's ok to borrow money and add to our deficit to pay china, but not to honor the obligations we have to our troops, our veterans, our seniors, etc. shameful. this is simply no other word. the united states of america pays its bills. period. end of sentence. case...
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Feb 27, 2013
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and our deficit still hovers just below $1 trillion. but the solution must be a big, balanced, and bipartisan deficit reduction plan monitored like plans like cooper-latourette, not the meat ax approach of sequestration. we can't pursue deficit reduction at all costs. the kur shouldn't be worse than the disease. the sequester will undermine our growing but still fragile economic recovery. the nonpartisan congressional budget office predicts sequestration would have economic growth for 2013 -- halve economic growth for 2013. another projects job loss for 2013 alone would hit 2.1 million jobs, mostly from small businesses. we just went through this not more than two months ago as we remember the fiscal cliff. sadly we seem no wiser for that experience. we continue to bicker rather than plan. we posture rather than negotiate. we delay rather than decide. we go from one crisis to the next, thereby threatening our economy and furthering -- further undermining the public's tenuous faith in its political institution. we lack a comprehensive ap
and our deficit still hovers just below $1 trillion. but the solution must be a big, balanced, and bipartisan deficit reduction plan monitored like plans like cooper-latourette, not the meat ax approach of sequestration. we can't pursue deficit reduction at all costs. the kur shouldn't be worse than the disease. the sequester will undermine our growing but still fragile economic recovery. the nonpartisan congressional budget office predicts sequestration would have economic growth for 2013 --...
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Sep 24, 2013
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is averted. >> a deficit reduction plan. you didn't give me a debt reduction plan you gave me an only cut spending. >> i said reducing spending. >> that's -- deficit reduction could include increasing revenues. >> let me polymark sandy. tax increases and government spending cuts over the last three years have put a substantial doctoring on economic growth. we have raised taxes over $600 billion and have another $1 trillion in obamacare. if we don't deal with the spending problem, it's not ideology, it's math. c.b.o. talked to us about this. we know that spending as a percent of g.d.p. continues to go up dramatically and taxes as a percent of g.d.p. levels off. so anyway, thank you gentlemen. yield back my time. >> senator whitehouse. >> thank you. this is a lively hearing with different views being expressed. i have to, i think, push back at the ranking member's discussion that everybody knows the health care bill is a train wreck. i can assure you that if you're a parent of a child who is coming up on 26 and is eable to sta
is averted. >> a deficit reduction plan. you didn't give me a debt reduction plan you gave me an only cut spending. >> i said reducing spending. >> that's -- deficit reduction could include increasing revenues. >> let me polymark sandy. tax increases and government spending cuts over the last three years have put a substantial doctoring on economic growth. we have raised taxes over $600 billion and have another $1 trillion in obamacare. if we don't deal with the spending...
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Mar 4, 2013
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right now we should be spending more and have a bigger deficit rather than smaller. when people talk about the future of social security and retirement, that has nothing to do with the kind of policies we are pursuing right now. social security, the amount of misinformation out there about the future cost of social security and the finances of the social security system is mind-boggling. the social security system is not in crisis. there's no rationale whatsoever to cut benefits now or ever. i wish lawmakers and the administration felt the same way, but right now we should be having expansion as a fiscal policy needs rather than an effort to contract the economy. host: on twitter -- guest: i think ebony the union, whether their employer is oppressive or not. -- i think everybody needs a union. workers don't negotiate over pay and benefits. it is set by law. -- federal workers. we don't have the right to strike. the kind of things we do give them a voice at the workplace so you don't have a dictatorial decision. the supervisor does not always know best, believe it or
right now we should be spending more and have a bigger deficit rather than smaller. when people talk about the future of social security and retirement, that has nothing to do with the kind of policies we are pursuing right now. social security, the amount of misinformation out there about the future cost of social security and the finances of the social security system is mind-boggling. the social security system is not in crisis. there's no rationale whatsoever to cut benefits now or ever. i...
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Sep 25, 2013
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we have not only current deficits but also rojected long-term deficits, the structural deficits that we have is primarily based on the fact that we have a hugely inefficient, wildly expensive health care system that does not produce better outcomes. and if we spent the same amount of money on health care that canada or france or great britain did or japan or any other industrialized country with the same outcomes or better outcomes, that essentially would remove our structural deficit. which would then free up dollars for us to invest in early childhood education and infrastructure and medical research and all the other things that can make sure that we are competitive and growing rapidly over the long term. so my view, when i came into office was, we have an immediate crisis. we have to get the economy going. but we have to start tackling some of the structural problems that have been building up for years. one of the biggest structural problems was health care. it's what accounts for our deficit. it's what accounts for our debt. it causes pain and misery to millions of people all a
we have not only current deficits but also rojected long-term deficits, the structural deficits that we have is primarily based on the fact that we have a hugely inefficient, wildly expensive health care system that does not produce better outcomes. and if we spent the same amount of money on health care that canada or france or great britain did or japan or any other industrialized country with the same outcomes or better outcomes, that essentially would remove our structural deficit. which...
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Apr 18, 2013
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as we tackle that deficit and . at said, when we hadpayroll tada deepesys of our rece the government did obligate itself to make up for the shortfall in the payroll tax revenues. and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. >> when the war began, congress came into session and july. it issued a statement that articulated the consensus war goals of the united states. it was very simple. very clear. the purpose of this war is to restore the union. to disrupt the social institutions of the south. and everybody knew what that meant. it meant not to disrupt slavery. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> saturday night at 8:00 eastern on c-span three. at the capitol today, cabinet secretaries and othersteng b qu, janet napolitano testified for a second
as we tackle that deficit and . at said, when we hadpayroll tada deepesys of our rece the government did obligate itself to make up for the shortfall in the payroll tax revenues. and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. >> when the war began, congress came into session and july. it...
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Feb 14, 2013
02/13
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let's reduce our debt and deficit, avert the impending deficit, i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from georgia seek recognition? >> i rise to claim type in opposition to the point of order. the speaker: the gentleman is recognized. mr. woodall: i agree with the gentleman's request to do away with stale political gamesmanship. they fail to make any ind -- you talk b about an unfunded mandate in a bill but not moving that there's an unfunded mandated in the bill -- mandate in the bill. i know the gentleman's hortehsert in this issue, while i say that there is only one objection in the body, i make that objection out of great affection for the gentleman because i see no way to divide this legislation into the components that the gentleman would like to debate. the gentleman would like to debate a member pay freeze, the gentleman would like to debate a federal employee pay freeze. this -- i'd be happy to yield to my friend. mr. polis: the way to divide them is the barrett connolly amendment brought to our committee yesterday
let's reduce our debt and deficit, avert the impending deficit, i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from georgia seek recognition? >> i rise to claim type in opposition to the point of order. the speaker: the gentleman is recognized. mr. woodall: i agree with the gentleman's request to do away with stale political gamesmanship. they fail to make any ind -- you talk b about an unfunded mandate in a bill but not moving that...
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Jan 8, 2013
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what that does it means that it is less probable as we approach the deficit and the other cliffs that the markets will pressure us into action. the interesting thing about sovereign debt crises is the markets tend to remain very calm until one day they don't. it is not a gradual process as neil ferguson has pointed out. -- niall ferguson has pointed out. these things are impossible to predict. they can be set on by a bit of bad budget news. >> ? -- bob? >> unlike greece and other countries, it is not that we do not have the financial ability to solve the problem. they do not. greece does not have debt. -- does not have that. we have the political will. -- we lack the political will. it is a different political situation. the other thing to keep in mind is we have not gotten the usual signal from bond markets are interest rates that you are living beyond your means. interest rates will go up. we have a weak economy. our fed has taken a set of policies for two years and now we're going to keep interest rates close to zero. that is a very unusual thing. it has eliminated one of the signa
what that does it means that it is less probable as we approach the deficit and the other cliffs that the markets will pressure us into action. the interesting thing about sovereign debt crises is the markets tend to remain very calm until one day they don't. it is not a gradual process as neil ferguson has pointed out. -- niall ferguson has pointed out. these things are impossible to predict. they can be set on by a bit of bad budget news. >> ? -- bob? >> unlike greece and other...
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Apr 24, 2013
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but with regards to deficits, adding to the deficit and the debt, this current budget being proposed by the president 40 ually -- deficit of $7 billion and still a big number about half of what it was in the depths of the great recession. it gives us an opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that showed 3% g.d.p. that is good news. but the economy is in recovery and still have a ways to go and never give up on trying to improve the economy and reduce the deficit. host: thank you for talking to our viewers this morning. appreciate it. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> the f.b.i. briefed the house intelligence committee about the boston marathon bombings. intelligence committee member adam schiff joins us to discuss the terror attack in boston. congressman steve king on the boston bombing and efforts to change the nation's immigration laws and more about immigration and how refugees can gain asylum in the u.s. "w
but with regards to deficits, adding to the deficit and the debt, this current budget being proposed by the president 40 ually -- deficit of $7 billion and still a big number about half of what it was in the depths of the great recession. it gives us an opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that showed 3% g.d.p. that is good news. but the economy is in recovery and still have a ways to go and never...
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Jan 10, 2013
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we have begun to roost -- to reduce our deficit through a mix of spending cuts and a tax system that when we came in was too skewed toward wealthy americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, tim has been a wonderful friend and a dependable adviser throughout these last four years. there is an unofficial saying over at the treasury "no peacocks, no trucks, no wiener's -- no jerks, no whine rs." that would be a good saying for all of washington. some -- no one embodies that better than tim geithner. i had to get on my knees two years ago to convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that are cabinet members ask of their families in serving their country. the fact is, while a lot of work remains, especially to build new pathways for working folks to rise into the middle class, our position is better for tomorrow than most of th
we have begun to roost -- to reduce our deficit through a mix of spending cuts and a tax system that when we came in was too skewed toward wealthy americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, tim has been a wonderful friend and a dependable adviser throughout these last four years. there is an unofficial saying over at the treasury "no...
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Jul 31, 2013
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we are paying down the deficit. we are committed to reducing and eliminating the deficit and balancing the budget. but we are committed also to making sure that the middle-class growth in this that businesses can grow and this takes us in the opposite direction. senator schumer. >> well, thank you. i want to thank senator stabenow with her leadership on this and her focus on the middle class which is where our focus should be. now, while today's g.d.p. numbers might have been better than economists expected, they're still way below the expectations of most americans. if there was any doubt left that the sequester was a self-inflicted wound that our economy simply cannot afford, the report the commerce department issued today certainly should put an end to that. the economy should be taking off, creating millions of middle-class jobs and reversing the decline on middle-class incomes. instead, the new figures show that sequester is an ankle weight on our economy that's responsible for fewer jobs, slower growth, delaye
we are paying down the deficit. we are committed to reducing and eliminating the deficit and balancing the budget. but we are committed also to making sure that the middle-class growth in this that businesses can grow and this takes us in the opposite direction. senator schumer. >> well, thank you. i want to thank senator stabenow with her leadership on this and her focus on the middle class which is where our focus should be. now, while today's g.d.p. numbers might have been better than...
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Apr 11, 2013
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growing jobs and eliminating the deficit go hand in hand. to balance the budget we need both spending cuts and real economic growth. with that, mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves. the gentleman from colorado. mr. polis: sound like i agree with the gentlelady on many of our national priorities. for goodness sake, leapt's reform the tax code, bring down gas price, my constituents are complaining about them. balancing the budget, making sure that we have a business climate that's friendly for small businesses. why aren't we talking about any of that on the floor of the house today instead of enshrining a d.c. district court decision in a statute to the detriment of job creation, american business, against many of those great concepts that my colleague, dr. foxx, espoused. there's got to be a connection here. the american people are smart enough to make it. it's great to pay lib service to all these wonderful things, but what are we doing with our lemming time, taxpayers pay for here
growing jobs and eliminating the deficit go hand in hand. to balance the budget we need both spending cuts and real economic growth. with that, mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves. the gentleman from colorado. mr. polis: sound like i agree with the gentlelady on many of our national priorities. for goodness sake, leapt's reform the tax code, bring down gas price, my constituents are complaining about them. balancing the budget, making...
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Mar 14, 2013
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our deficit is approximately equal to our gdp. every dollar we spend, 40 cents is barred from some bank in a place like china. the resolution to this debt ceiling debacle led to the first downgrading of american credit in the history of this country. we have a president who refuses to put a single plan on paper that seriously addresses the deficit spending, entitlement reforms. those are inexplicable. but he is more than willing to do a photo-op with first responders and teachers to decry the spending reductions that amount to less than 1% of the total annual budget. if the president is worried about overtime pay for capitol others, i say what about the stagnant wages of millions of american workers, what about the one in seven americans resigned the food stamps, what about small business and home owners that cannot get loans because dodd-frank for some credit for americans all across this country? what about the americans who cannot get full-time work due to the most anemic recovery since the great depression? mr. president, nor
our deficit is approximately equal to our gdp. every dollar we spend, 40 cents is barred from some bank in a place like china. the resolution to this debt ceiling debacle led to the first downgrading of american credit in the history of this country. we have a president who refuses to put a single plan on paper that seriously addresses the deficit spending, entitlement reforms. those are inexplicable. but he is more than willing to do a photo-op with first responders and teachers to decry the...
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Apr 10, 2013
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we need to reduce our deficits. it is an issue, and one that we all need to take very seriously. now, the republican plan is presented to the american needed d it is taking investments and cutting them so deeply that we are going to get leapfrogged by china and india and europe and some of the coming industries -- in some of the coming industries that these cuts, in order to try to balance the budget in a short period of time, are going to be pushed off. most of these cuts -- the urden of these cuts will be on education, ass -- economic development, the kind of investments that we need to make. also, these cuts are going to be cut out of programs that help the poorest among us. d that is not a recipe for success. we have 300-plus million people in the united states. we are competing against india, china on who's going to determine, who's going to shape the future of the global economy. is it going to be the united states? is it going to be china? is it going to be endia? is it going to be -- is it going to be india? is it going to be europe? that's the question, who's going to sh
we need to reduce our deficits. it is an issue, and one that we all need to take very seriously. now, the republican plan is presented to the american needed d it is taking investments and cutting them so deeply that we are going to get leapfrogged by china and india and europe and some of the coming industries -- in some of the coming industries that these cuts, in order to try to balance the budget in a short period of time, are going to be pushed off. most of these cuts -- the urden of these...
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Mar 12, 2013
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we believe it's critical we restabilize the deficit but will take more to achieve real deficit reduction. when corporation are making record profits and wealthy american incomes continue to rise, the deficit reduction shouldn't be at the expense of middle class families, senior citizens and the poor. a fair approach, all americans, democrats, republicans and independents, they want a fair approach to deficit reduction that makes sensible cuts to share the burden, balance. we have been listening, mr. president. that's why this budget chair will introduce a balance. her plan, the democrat plan will cuss wasteful spending and close tax loopholes that benefit the rich and invest in what the economy needs to grow to continue to build to grow and will create a strong middle class. congressman ryan and his republican colleagues in congress have taken a different approach. their budget will put money to special interests ahead of middle class families and no amount of rebranding will hide that. >> president obama missed legal deadline to submit a budget to congress just like he has nearly every
we believe it's critical we restabilize the deficit but will take more to achieve real deficit reduction. when corporation are making record profits and wealthy american incomes continue to rise, the deficit reduction shouldn't be at the expense of middle class families, senior citizens and the poor. a fair approach, all americans, democrats, republicans and independents, they want a fair approach to deficit reduction that makes sensible cuts to share the burden, balance. we have been...
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May 30, 2013
05/13
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deficit, economy, and science research. book tv. 2, addressing partisanship. activists.an 3, and tomorrow on "washington journal" scott paul on american alliance for manufacturing. and regulation of natural gas and the oil market. later a look at the trends in school crime and safety. "washington journal" is live every morning at 7 a.m. eastern on c-span. , the group center forward released a study on health care law and its premiums. >> good morning. i'm a former member of congress and chair of center forward. we welcome you to our program this morning. center forward has existed for three years. we are about discussions and across the aisle conversations. we think it is important for organizations like center forward to bring panel discussions together over issues that are currently very important to the american public and policy makers on the hill as well. we view our role as aiding and assisting in providing information. today it is about providing information. we bring together in smaller programs members of congress from both sides of the aisle and the
deficit, economy, and science research. book tv. 2, addressing partisanship. activists.an 3, and tomorrow on "washington journal" scott paul on american alliance for manufacturing. and regulation of natural gas and the oil market. later a look at the trends in school crime and safety. "washington journal" is live every morning at 7 a.m. eastern on c-span. , the group center forward released a study on health care law and its premiums. >> good morning. i'm a former...
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Feb 15, 2013
02/13
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we all want to reduce the deficit. in order to reduce the deficit, we have to cut spending and we have to obtain increased revenue. in order for us to have growth, growth with jobs. democrats have supported $1.60 trillion in cuts, when $0.20 trillion in the budget control act, another $400 billion in other actions taken in the last congress last year, when $0.60 trillion. the whole idea was to have it balanced. and the revenue side, we had $600 billion. what is that, three to one in favor of cuts. i would hope that you in your messaging to the american people make it clear that we have made cuts, we have passed bills for those cuts. but we want to see more in terms of the revenue side to make this happen. one way to go is the buffet role, but says that everyone should be paying, the people making over $2 million a year, would pay 30%, by closing some loopholes, making them not be available beyond 30%. the republicans are saying we do not want to touch tax breaks, tax giveaways, the big oil. would rather you cut pell gr
we all want to reduce the deficit. in order to reduce the deficit, we have to cut spending and we have to obtain increased revenue. in order for us to have growth, growth with jobs. democrats have supported $1.60 trillion in cuts, when $0.20 trillion in the budget control act, another $400 billion in other actions taken in the last congress last year, when $0.60 trillion. the whole idea was to have it balanced. and the revenue side, we had $600 billion. what is that, three to one in favor of...
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Feb 21, 2013
02/13
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getting our federal deficit under control is important. but so is protecting the heament safety of everyone in the united states. it is a tough job you have before you over the next few days and weeks to find a politically viable solution to the sequestration. but to put simply, federal sequestration is bad for the public's health. additional cuts in discretionary health programs would put the health, safety, and security of all americans at risk. thank you for this opportunity. >> thank you. i thank each of our witnesses for their exerpgsal preparation and compelling testimony. a days from now, unless the speaker districts us to vote we won't be able to deal with epidemics as we can. children in mrs. allen's classroom will lose their ability to speak the language and learn what they need in school. more importantly, they will begin to lose trust and faith. the million workers that mrs. blakey's association represents, too many of them will find themselves not being able to shop on main street or buy a car or house or refrigerator. as prof
getting our federal deficit under control is important. but so is protecting the heament safety of everyone in the united states. it is a tough job you have before you over the next few days and weeks to find a politically viable solution to the sequestration. but to put simply, federal sequestration is bad for the public's health. additional cuts in discretionary health programs would put the health, safety, and security of all americans at risk. thank you for this opportunity. >> thank...
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Jul 30, 2013
07/13
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the real drivers of the deficit. tax expenditures, entitlements. the real drivers of the deficit. thus lifting sequestration along with the drag it represents on our economy and the mockery it makes of the appropriations process. the bill before us is exhibit a of this travesty and i urge my colleagues to raise their voices and their votes against it. i yield back the balance of my time. the chair: the gentleman yields back. the gentleman from arizona reserves. mr. pastor: mr. chairman, i reserve my time. mr. latham: mr. chairman, i reserve at this time. the chair: the gentleman reserves. the gentleman from arizona is recognized. mr. pastor: mr. chairman, i yield three minutes to my distinguished friend from chicago, mr. quigley. the chair: the gentleman from illinois is recognized for three minutes. mr. quigley: thank you, mr. speaker. mr. speaker, i became a member of the appropriations committee this congress to make the tough funding choices that determine our national priorities. but this year's budget allocatio
the real drivers of the deficit. tax expenditures, entitlements. the real drivers of the deficit. thus lifting sequestration along with the drag it represents on our economy and the mockery it makes of the appropriations process. the bill before us is exhibit a of this travesty and i urge my colleagues to raise their voices and their votes against it. i yield back the balance of my time. the chair: the gentleman yields back. the gentleman from arizona reserves. mr. pastor: mr. chairman, i...
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Mar 20, 2013
03/13
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yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a direct reflection of who we are as americans. we need to start talking about his in a bipartisan way. need to shelf the idea of dismantling medicare and strengthening medicare, making it more secure so it is there not only for today's seniors, but it is there for the generation. that it is there for our children and grandchildren. it is a system that works extremely well. yes, we have to talk about the costs of health care. we have to address the costs of health care. but medicare isn't the problem. medicare works extremely well. ask any senio
yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a...
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Feb 5, 2013
02/13
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we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy and creating a strong and vibrant middle class. manufacturing continues to be a bright spot in our economic recovery. since 2010, the u.s. has added over a half a million manufacturing jobs. mr. kildee: that's progress. but in a time where millions of americans continue to struggle, we can and must do more. congress should be working every day to rebuild our economy and create good-paying jobs right here in america not overseas. that's why i support the make it in america agenda, which will strengthen manufacturing and rebuild our infrastructure. it will also m
we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy...
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Jan 11, 2013
01/13
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they are emphasizing the deficit mortar -- more. host: if you did a survey, 56%, and get the benefits should stay as they are. 32 percent said that the budget deficit was a priority. a% said both. and then there is the gap. guest: the folks that do not know. this is the question that shows a larger generational divide. the younger folks see the deficit as a priority over benefits. host: richmond, virginia. sabrina. let's go to sandra next. go ahead. caller: i think you are asking the wrong questions of young people. i have young children, too. they're kind of selfish and they do not understand what will happen to them richmond, virgin. when they are 65 years old. they put money into the stock markets and the stock market crashes and then they have no money. who will they look at to support them? the government. i think you should be asking them different questions. guest: i think it is true. young people are trying to assess policies that will affect them 40 years down the line. part of it is their skepticism about what is in place
they are emphasizing the deficit mortar -- more. host: if you did a survey, 56%, and get the benefits should stay as they are. 32 percent said that the budget deficit was a priority. a% said both. and then there is the gap. guest: the folks that do not know. this is the question that shows a larger generational divide. the younger folks see the deficit as a priority over benefits. host: richmond, virginia. sabrina. let's go to sandra next. go ahead. caller: i think you are asking the wrong...
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Mar 20, 2013
03/13
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the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee. defense is cut by an additional quarter of a trillion dollars. a cut by an additional quarter of a trillion dollars over the sequester cuts we already had and over the reductions the defense department voluntarily took upon itself during the last budget process. i come before this body before, mr. chairman, and encouraged this body in a bipartisan fashion to look to the defense department as possible ways to save money. under the belief there must be some money in the defense department that can be saved in a responsible fashion. what the senate has done goes so far beyond
the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee....